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347/175 Lake Street

Cairns City QLD 4870

1
1
Apartment
Currently for sale - view listing

Overview

Holiday Let Investment Opportunity w/ High Yields in Cairns City!

Your home away from home! Cascade Gardens offers affordable self-contained accommodation located in the heart of sunny, tropical Cairns. Conveniently located, just 5km from Cairns Airport and a very short walk from the Esplanade, Cairns Aquarium, shops, restaurants, cafes, hospital and Cairns Performing Arts Centre. Enjoy an outdoor swimming pool to cool off on those hot summer days and a BBQ area to really lean in to the Far North Queensland Lifestyle. There's 24/7 onsite management for any guest needs and secure carparking. It's a smart choice for savvy investors seeking a "set and forget" opportunity to add to their portfolio offering high yields in the heart of Cairns with the option of staying there up to 90 days of the year. - Fully furnished one bedroom apartment - Fully equipped kitchen with breakfast bar - Split air-conditioning to living room and bedroom - Washing machine and dryer - Rates $300 / night or $150 / night for 5 nights or more - Rates $3,200 approx. per annum - Body Corporate $5,297 approx. per annum - Income statements available * Video walkthrough available on request Call Sam to enquire about this amazing opportunity today!

Features

1 bedroom
1 bathroom
Apartment

Property history for 347/175 Lake Street

2024
Sold
$201,000
Private Sale/Treaty on 17 Jul 2024 by David Galloway-Penney, of Champions In Real Estate

Happy sellers in Cairns City

93%
93% of sellers in Cairns City reported that their sale price either exceeded or met their price expectations.

Cairns City stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 22 reviews in Cairns City over the last 12 months.

Local market activity for 1 bedroom apartments in Cairns City

In the last 12 months, 17 one-bedroom apartments similar to 347/175 Lake Street, have been sold.

This represents a 13% increase in one-bedroom apartments sales when compared to the previous 12 months.

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